Air Products and Chemicals (APD) 11/10/09 PriceWatch Alert With $77.13 Break Even
Posted: Tuesday, November 10, 2009 8:38 AM EDT
By: Market Intelligence Center Staff
Air Products and Chemicals (NYSE: APD) closed yesterday at $82.03. So far the stock has hit a 52-week low of $41.46 and 52-week high of $84.43. Air Products and Chemicals stock has been showing support around 79.87 and resistance in the 83.33 range. Technical indicators for the stock are Bullish and S&P gives APD a neutral 3 STAR (out of 5) hold rating. APD appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 80 covered call (APD AP) for a net debit in the $77.13 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 5.97% downside protection and a 3.72% assigned return rate for a 20.27% annualized return rate (comparison purposes only). Air Products and Chemicals has a current annual dividend yield of 2.26%. [ATU-Seven Summits Research]
CLICK HERE: FREE Air Products and Chemicals (APD) Stock ReportSee what our analysts have uncovered about Air Products and Chemicals (APD).